Head of Risk Bridge / Accion
Head of Risk Group Job Description
1. About the organizations
Bridge is a network of innovative, dynamic, mission driven banks, initially mostly located in rural Philippines. Bridge’s aim is to create jobs and opportunity by extending high quality financial services to businesses, farmers and individuals in areas currently poorly served, supporting 3m Filipinos by 2020. Bridge will provide Capital, Capability Building and Central Services to help partner banks grow in a socially and environmentally sensitive manner. Bridge was founded in 2013 and its operations are in Manila.
Bridge expects to invest in 2-3 banks per year for the next 2-4 years. Bridge will take a significant equity stake in these banks and also provide Capability Building in technical banking areas (such as finance, product development, credit, HR, etc). As an operating company, Bridge expects to remain a long-term partner of these banks, helping them to profitably grow as independent, socially focused institutions.
Bridge is led by two Principals with significant experience in banking. Bridge’s investors are Accion, FMO (the state owned Dutch development bank), DEG (the state owned German development bank), Bamboo (the microfinance specialist investor) and Paul Kocourek, one of the Principals of Bridge. Bridge has raised $24m.
Please see www.bridge.sg for more information on Bridge.
Accion is a global nonprofit dedicated to building a financially inclusive world, with access to economic opportunity for all, by giving people the financial tools they need to improve their lives. A world pioneer in microfinance, Accion has helped build 63 microfinance institutions in 31 countries reaching millions of clients on four continents. Please see www.accion.org for more information on Accion.
2. About the job
The Head of Risk Group position with Bridge will be a senior professional providing high-quality advisory services to Bridge’s partner banks and help them turn into banking champions. The Head of Risk will be part of Bridge and also part of Accion. The position will report to the Bridge Principals on a day-to-day basis and will also coordinate closely with Accion’s Regional Head of Risk Management and Accion executive(s) working with Bridge. Accion will also provide training and guidance to the Head of Risk and support Bridge and its investee banks through a comprehensive technical assistance program
At Bridge, s/he will be part of a team of senior Filipino and international experts. This role is expected to take a major leadership position with Bridge.
3. Responsibilities:
Prior to an investment into a partner bank, the incumbent will:
• Support the due diligence of potential partner banks
• Contribute to the design of capability building programs for partner banks
Following investment into a partner bank, the incumbent will, as part of the Bridge team, provide the following services to Bridge’s partner banks:
• Take the overall lead for developing systems and processes that allow for the exposure, monitoring and reduction of all types of risk in the Bridge Partner Banks
• Provide portfolio risk management reports as a shared service to partner banks implementing and, where necessary, adjusting and refining the risk management reports and tools (net flow / trend analysis, vintage analysis, early payment defaults, was/is analysis, forecasting tool, etc.) developed by Accion to monitor performance and trends in the portfolios of partner banks and provide actionable feedback to both Bridge and bank management
• Support senior management of partner banks in conducting on-going credit portfolio reviews and analysis to determine delinquency patterns (e.g. due date collection tracking, or risk based collection tools) and recommend appropriate action
• Work with product development experts to determine the risk acceptance criteria in new/enhanced products. Including the implementation of transactional risk tools (credit scoring or parametric tools) to support the development of client acquisition, portfolio growth, account maintenance and recoveries strategies
• Evaluate credit process flows to identify opportunities for improvement and support the implementation of the corrective tools
• Support product costing/profitability exercises of partner banks
• Support partner banks in the identification of operational and market related risks, generating the adequate documentation and control tools where applicable
• Contribute to the preparation of the contingency plans as required by different risk scenarios
• Support the development of comprehensive risk management manuals for partner banks
• Transfer knowledge and build the capacity of risk management departments in partner banks
4. Qualifications
Technical capabilities. The incumbent must have at least seven to ten years of experience in banking and/or SME lending with a deep understanding of risk management. S/he must have a track record in a senior management position of a financial institution. Experience in financial services for small business and/or involvement at a senior level in the provision of advisory services to institutions serving that sector is a plus. Previous experience within the Rural and Thrift Banking sector would be useful, but is not a requirement.
Character profile. Both Bridge and Accion have social objectives at its heart and an incumbent will need to respect and be enthused by these objectives. The focus of the work will be advising partner banks, rather than implementing via commands and the incumbent must display appropriate influencing skills. The incumbent will need to actively demonstrate and role model Bridge’s Values of being Invigorating, Dependable, Serving and Moral.
Development and leadership skills. An incumbent will need to be comfortable in a start-up organization. S/he must demonstrate an ability to be comfortable in a fluid environment, self-direct, work flexibly and be creative. S/he must have excellent analytical, communication and interpersonal skills. S/he should also display leadership capabilities to ensure becoming a central component of a high performing team.
Languages. English and Filipino required, additional local languages valuable.
Practical requirements. Bridge’s Partner Banks are located in rural areas of the Philippines. An incumbent must be willing to travel for 3-4 days per week.
5. How to apply
Please apply online at https://jobs-accion.icims.com/jobs/intro and send your CV and brief cover letter tojobs@bridge.sg.
1. About the organizations
Bridge is a network of innovative, dynamic, mission driven banks, initially mostly located in rural Philippines. Bridge’s aim is to create jobs and opportunity by extending high quality financial services to businesses, farmers and individuals in areas currently poorly served, supporting 3m Filipinos by 2020. Bridge will provide Capital, Capability Building and Central Services to help partner banks grow in a socially and environmentally sensitive manner. Bridge was founded in 2013 and its operations are in Manila.
Bridge expects to invest in 2-3 banks per year for the next 2-4 years. Bridge will take a significant equity stake in these banks and also provide Capability Building in technical banking areas (such as finance, product development, credit, HR, etc). As an operating company, Bridge expects to remain a long-term partner of these banks, helping them to profitably grow as independent, socially focused institutions.
Bridge is led by two Principals with significant experience in banking. Bridge’s investors are Accion, FMO (the state owned Dutch development bank), DEG (the state owned German development bank), Bamboo (the microfinance specialist investor) and Paul Kocourek, one of the Principals of Bridge. Bridge has raised $24m.
Please see www.bridge.sg for more information on Bridge.
Accion is a global nonprofit dedicated to building a financially inclusive world, with access to economic opportunity for all, by giving people the financial tools they need to improve their lives. A world pioneer in microfinance, Accion has helped build 63 microfinance institutions in 31 countries reaching millions of clients on four continents. Please see www.accion.org for more information on Accion.
2. About the job
The Head of Risk Group position with Bridge will be a senior professional providing high-quality advisory services to Bridge’s partner banks and help them turn into banking champions. The Head of Risk will be part of Bridge and also part of Accion. The position will report to the Bridge Principals on a day-to-day basis and will also coordinate closely with Accion’s Regional Head of Risk Management and Accion executive(s) working with Bridge. Accion will also provide training and guidance to the Head of Risk and support Bridge and its investee banks through a comprehensive technical assistance program
At Bridge, s/he will be part of a team of senior Filipino and international experts. This role is expected to take a major leadership position with Bridge.
3. Responsibilities:
Prior to an investment into a partner bank, the incumbent will:
• Support the due diligence of potential partner banks
• Contribute to the design of capability building programs for partner banks
Following investment into a partner bank, the incumbent will, as part of the Bridge team, provide the following services to Bridge’s partner banks:
• Take the overall lead for developing systems and processes that allow for the exposure, monitoring and reduction of all types of risk in the Bridge Partner Banks
• Provide portfolio risk management reports as a shared service to partner banks implementing and, where necessary, adjusting and refining the risk management reports and tools (net flow / trend analysis, vintage analysis, early payment defaults, was/is analysis, forecasting tool, etc.) developed by Accion to monitor performance and trends in the portfolios of partner banks and provide actionable feedback to both Bridge and bank management
• Support senior management of partner banks in conducting on-going credit portfolio reviews and analysis to determine delinquency patterns (e.g. due date collection tracking, or risk based collection tools) and recommend appropriate action
• Work with product development experts to determine the risk acceptance criteria in new/enhanced products. Including the implementation of transactional risk tools (credit scoring or parametric tools) to support the development of client acquisition, portfolio growth, account maintenance and recoveries strategies
• Evaluate credit process flows to identify opportunities for improvement and support the implementation of the corrective tools
• Support product costing/profitability exercises of partner banks
• Support partner banks in the identification of operational and market related risks, generating the adequate documentation and control tools where applicable
• Contribute to the preparation of the contingency plans as required by different risk scenarios
• Support the development of comprehensive risk management manuals for partner banks
• Transfer knowledge and build the capacity of risk management departments in partner banks
4. Qualifications
Technical capabilities. The incumbent must have at least seven to ten years of experience in banking and/or SME lending with a deep understanding of risk management. S/he must have a track record in a senior management position of a financial institution. Experience in financial services for small business and/or involvement at a senior level in the provision of advisory services to institutions serving that sector is a plus. Previous experience within the Rural and Thrift Banking sector would be useful, but is not a requirement.
Character profile. Both Bridge and Accion have social objectives at its heart and an incumbent will need to respect and be enthused by these objectives. The focus of the work will be advising partner banks, rather than implementing via commands and the incumbent must display appropriate influencing skills. The incumbent will need to actively demonstrate and role model Bridge’s Values of being Invigorating, Dependable, Serving and Moral.
Development and leadership skills. An incumbent will need to be comfortable in a start-up organization. S/he must demonstrate an ability to be comfortable in a fluid environment, self-direct, work flexibly and be creative. S/he must have excellent analytical, communication and interpersonal skills. S/he should also display leadership capabilities to ensure becoming a central component of a high performing team.
Languages. English and Filipino required, additional local languages valuable.
Practical requirements. Bridge’s Partner Banks are located in rural areas of the Philippines. An incumbent must be willing to travel for 3-4 days per week.
5. How to apply
Please apply online at https://jobs-accion.icims.com/jobs/intro and send your CV and brief cover letter tojobs@bridge.sg.
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